Gold Prices in Pakistan Last day of Year
Gold prices in Pakistan fell again on Wednesday, showing a decline of Rs. 2,500 per tola. The market has been experiencing downward momentum since Tuesday, when the rate had already dropped sharply. Investors and traders are closely monitoring these changes as they affect both buying and selling trends. The decline reflects the combined impact of domestic and international market movements.
Local gold rates dropped significantly today. The price of one tola reached Rs. 456,962, while 10 grams of gold fell by Rs. 2,143 to Rs. 391,771. The drop follows Tuesday’s sharp fall of Rs. 10,700 per tola. Jewelers reported lower demand due to rising prices earlier this week, while buyers waited for a stable market trend.
- One tola gold: Rs. 456,962
- 10 grams gold: Rs. 391,771
- Decline compared to previous day: Rs. 2,500
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| Gold Measurement | Price (PKR) | Change |
|---|---|---|
| 1 Tola | 456,962 | -2,500 |
| 10 Grams | 391,771 | -2,143 |
International gold prices also showed a downward trend. Global gold slipped by $25 per ounce, reaching $4,346, which includes a $20 premium. Analysts say that international market trends heavily influence domestic gold rates. Investors are advised to watch global movements closely to make informed decisions.
Silver prices in Pakistan also declined, following gold’s trend. The rate per tola decreased by Rs. 212, reaching Rs. 7,718. Local jewelers indicated that silver is losing value slightly faster due to low demand in comparison to gold. Buyers are waiting for market stability before making large purchases.
- Silver per tola: Rs. 7,718
- Decline: Rs. 212
- Market affected by international trends
The current drop in gold and silver provides potential buying opportunities for long-term investors. Traders are advised to keep track of global prices and local market updates before making transactions.
FAQs
What is the current price of gold in Pakistan?
The price of one tola gold is Rs. 456,962, while 10 grams costs Rs. 391,771.
Why are gold prices falling in Pakistan?
Gold prices are declining due to international market trends and lower domestic demand.
What is the current price of silver per tola?
Silver per tola is Rs. 7,718, showing a decrease of Rs. 212.
How can investors track gold trends?
Investors can monitor both international gold rates and local market updates to make informed decisions.
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